Billionaire Indonesian bank owner Michael Hartono dies at 86

Billionaire Indonesian bank owner Michael Hartono dies at 86

The Straits Times - Business·2026-03-19 19:00

Mr Michael Hartono, an Indonesian billionaire and major shareholder of the country’s largest lender by market value, PT Bank Central Asia, has died. He was 86.

He died in Singapore on the afternoon of March 19, according to Mr Budi Darmawan, corporate secretary of Djarum Group, one of Hartono’s companies.

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